The combined heat and power (CHP) market is anticipated to grow at a CAGR of 11.21% from US$22.590 billion in 2025 to US$38.433 billion by 2030.

NEW YORK, NY, UNITED STATES, February 26, 2025 /EINPresswire.com/ -- As per a new study published by Knowledge Sourcing Intelligence, the combined heat and power (CHP) market is projected to grow at a CAGR of 11.21% and is expected to reach US$38.433 billion by 2030.

The Combined Heat and Power (CHP) market is experiencing significant growth as more and more industries and businesses turn to sustainable energy solutions. CHP, also known as cogeneration, is the simultaneous production of electricity and heat from a single fuel source, resulting in increased efficiency and reduced carbon emissions. The market is expected to continue its upward trend over the forecast years.

The combined heat and power market growth is attributable to the increasing demand for energy-efficient solutions, rising concerns about climate change, and government initiatives promoting the use of clean energy. CHP systems are being adopted by a wide range of industries, including manufacturing, healthcare, and commercial buildings, to reduce their carbon footprint and save on energy costs.

One of the key drivers of the CHP market is the rising demand for sustainable energy solutions. With the depletion of traditional energy sources and the negative impact of fossil fuels on the environment, there is a growing need for alternative energy sources. CHP systems provide a reliable and efficient solution by utilizing waste heat that would otherwise be lost in traditional power generation. This not only reduces carbon emissions but also helps businesses save on energy costs in the long run.

The CHP market is also seeing significant growth due to government initiatives and policies promoting the use of clean energy. For instance, in the United States, the Environmental Protection Agency's Clean Power Plan encourages the adoption of CHP systems as a way to reduce carbon emissions from power plants. This, coupled with tax incentives and grants, is driving the adoption of CHP systems in various industries. With the increasing focus on sustainability and energy efficiency, the CHP market is expected to continue its growth trajectory in the coming years.

In conclusion, the CHP market is experiencing robust growth as more businesses and industries recognize the benefits of sustainable energy solutions. With the increasing demand for energy-efficient solutions and government initiatives promoting the use of clean energy, the market is expected to scale to new heights. As the world moves towards a more sustainable future, CHP systems will play a crucial role in meeting the growing energy needs while reducing carbon emissions.

Access sample report or view details: https://www.knowledge-sourcing.com/report/combined-heat-and-power-chp-market

As a part of the report, the major players operating in the combined heat and power (CHP) market have been covered as Kawasaki Heavy Industries, Ltd., Caterpillar, Siemens Energy, Robert Bosch GmbH, Centrica, Dalkia Aegis, EDF Group, and 2G Energy AG, among others.

The market analytics report segments the combined heat and power (CHP) market as follows:

• By Fuel Type

o Coal
o Natural Gas
o Biomass
o Others

• By Application

o Commercial
o Residential
o Industrial

• By Configuration

o Combustion Turbine
o Steam Boiler

• By Geography

• North America

o USA
o Canada
o Mexico

• South America

o Brazil
o Argentina
o Others

• Europe

o Germany
o France
o United Kingdom
o Italy
o Others

• Middle East and Africa

o UAE
o Saudi Arabia
o Others

• Asia Pacific

o China
o India
o Japan
o South Korea
o Taiwan
o Thailand
o Indonesia
o Others

Companies Profiled:

• Kawasaki Heavy Industries, Ltd.
• General Electric
• Caterpillar
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Siemens Energy
• Cummins Inc.
• Robert Bosch GmbH
• MAN Energy Solutions
• Centrica
• Wärtsilä
• Dalkia Aegis, EDF Group
• Veolia Environnement S.A.
• 2G Energy AG

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About Us

Knowledge Sourcing Intelligence (KSI) is a market research and intelligence provider that uses a combination of quantitative and qualitative research techniques to deliver comprehensive, in-depth insights to clients. Our approach to market research is centered around the concept of 'Knowledge Sourcing' - the process of gathering data and insights from multiple sources to create a comprehensive and well-rounded picture of the market. KSI's core services include market intelligence, competitive intelligence, customer intelligence, and product intelligence. KSI's approach to market research is designed to help clients make informed decisions, identify opportunities, and gain a better understanding of their target markets. By using a combination of primary and secondary research techniques, we provide clients with detailed insights into current market trends, customer profiles, competitor analysis, and product performance. KSI's market research and intelligence services enable clients to make informed decisions, develop strategic plans, and identify areas of opportunity.

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